The board of Playtech Plc has this morning announced that Hong Kong fund TTB Partners has been granted an extension period to submit a deal to acquire the FTSE250 technology group. TTB Partners’ previous deal submission deadline was due by 17 June, a date that has been extended to Friday 15 July, as Playtech governance informed investors that ‘discussions between …
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The board of Playtech Plc has this morning responded to media speculation of a ‘contingency plan’ to break-up its business units, should the sale of the company be thwarted by a ‘collective of Asian shareholders’. As reported by Sky News, boardroom concerns loom at Playtech that the recommended £2.7 billion takeover offer made by Aristocrat Leisure will be voted down …
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JKO Play has confirmed that it will not meet the deadline to make a firm bid for Playtech, leaving Aristocrat as the sole bidder for the majority shares in the gaming firm. Issuing an update this morning, the Eddie Jordan family and Keith O’Loughlin owned company – which controls a 0.51% stake in Playtech – revealed that it would be …
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Aristocrat Leisure has made progress in its prospective acquisition of Playtech, after stakeholders of the latter company voted in favour of selling its Finalto financial trading division to Gopher Investments. The disposal of Finalto to Gopher was cited as a ‘key condition of aristocrat’s offer’ for the whole of the Playtech business, and has been welcomed by the gaming content …
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The board of Playtech Plc has moved to confirm media speculation that it has been approached by a third suitor seeking to acquire the FTSE250 gambling technology group. This morning, Playtech governance confirmed that on 5 November, a ‘preliminary approach’ was made by JKO Play Limited, a consortium led by former F-1 team owner Eddie Jordan and Scientific Games executive …
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Playtech Plc has responded to media speculation regarding a counterbid that existing shareholder Gopher Investments will table to take control of the FTSE250 gambling technology group. This Sunday, Sky News reported that Gopher – a Hong Kong-based investment vehicle that maintains a 5% shareholding in Playtech – will launch an expected £3 billion counteroffer, triggering a bidding war against ASX …
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Sports betting software and online gaming supplier Playtech is set to be purchased by Australian-listed gaming manufacturer Aristocrat Leisure, which has announced a cash offer of £2.7 billion for the FTSE250 technology group. Aristocrat aims to leverage the company to boost its revenues, ‘operate and innovate’ in the European market through the acquisition’s Snaitech division, reach a broader range of …
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Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed that it will stand down 1,000 members of staff as it seeks to mitigate the impact of COVID-19. In a statement, Aristocrat confirmed that the majority of those that will be stood down are based in the US, where the company has the majority of its staff, but has also stood …
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Australia ASX-listed gambling technology group Aristocrat Leisure has confirmed that its Non-Executive Director Steve Morro will be stepping down from the company. The news was confirmed in the company’s 2019 annual report for the financial year ended 30 September 2019, where the technology group praised a ‘strong performance over the 2019 fiscal year.’ In a joint statement issued by Aristocrat …
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Scientific Games Corporation has strengthened its leadership team after appointing former Aristocrat Leisure CEO Jamie Odell as the group’s new special advisor to the chairman and CEO. Odell joins the company after an 8 year tenure at Aristocrat, where he oversaw the company’s market capitalisation, growing Aristocrat from a $1.3bn company up to a company valued at approximately $7.5bn. As …
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